Grain Purchase Contracts

Overview General Tab The following information is required: Contract Number (auto-numbered or manual entry, global or location) Customer ID Location Commodity Date Established (defaults but can be changed) Contract Type Pricing Info...

There are seven different Purchase Contract types: Priced Grain is contracted for a specific delivery period and a basis is determined along with a Futures price. The title passes to buyer upon delivery. There is a specified Commodity, number of u...

In order to be in compliance with state requirements, Purchase Contracts for Priced Later, Basis Fixed, Hedged-to-Arrive, FuturesFixed, and Minimum Priced Contracts need to be added for grain that has not yet been delivered. Each type of contract ...

When migrating Purchase Contracts with amendments, any amendments with a deduction are added to the new Priced Contract. Contract Units to Migrate – These are the units to migrate to the new priced Purchase Contract. This value cannot excee...

When a Scale Ticket has overfilled the Purchase Contract associated with the Assembly, a screen will appear asking what needs to be done with the extra units. There are three choices available. Search for Other Contracts – Select ...

Tie an Advance to a Grain Purchase Contract (non-Priced Purchase Contracts only). Setup At Grain / Setup / Preferences on the Purchases tab, selecting the preference Advances on Contracts Only If Fully Delivered restricts the creat...